Dear Coldandrich,

We would like to generate at least $3MM/torch with as much, if not all of it, up front.

We will try and generate as much as we can up front and add on other future payments as well…how this will pan out is not nailed down yet.  There are also a myriad of financial mechanisms/arrangements we could explore (such as leasing/financing sales) which would be geared to further increasing the NPV of each torch sale.

I don’t want to disclose more than that as it is a sensitive time to explore such issues more than I already have.

Hope that helps,

Peter